Time to Buy Ethereum as ETH Heads for Another Double-Digit Quarterly Loss?

The world’s second-largest cryptocurrency by market cap has displayed controversial price moves on micro- and macro-timeframes, as even when it managed to set a new ATH last year, it was barely above the previous one. However, the subsequent crash has driven it south hard, and its market share against BTC has dwindled.

Daan Crypto Trades published an X post today, trying to determine whether it’s finally time to accumulate ETH after the asset’s collapse from last week that pushed it to a 14-month low of $1,500.

Time to Buy?

Current data shows that ETH is “on track for its 2nd-worst first half of the year since 2022.” At the time, it dropped by 10.75% in Q1 and a whopping 67% in Q2. So far, it has dumped by 29% in Q1 and 21% in Q2, with a couple of weeks left until the latter ends.

What’s even worse compared to the 2021/2022 performance is that Ethereum is on its way to close three consecutive quarters in the red, and all of the losses are by double digits since Q4 2025 ended with a 28% decline.

Daan noted that it has been “extremely bad 9 months” for the altcoin after it topped following Bitmine’s accumulation craze began. Recall that the Tom Lee-chaired company has accumulated billions worth of ETH, but it’s also billions in the red on its position given the asset’s price correction.

The analyst remains optimistic about Ethereum’s role in tokenization, DeFi, “and all,” and added that the current levels are “finally attractive again for longer-term accumulation (years).”

Nevertheless, he warned that bear markets can go for longer than most people anticipate, and it “never hurts to have some dry powder on the side for unforeseen circumstances.”

Out of Exchanges

Meanwhile, fellow analyst Ali Martinez noted that Ethereum investors have been withdrawing their funds from exchanges en masse lately. Citing data from Glassnode, he said that almost 500,000 ETH, valued at around $800 million at current prices, have been taken out of trading platforms in just a week.

The analyst noted that this could align with the aforementioned strategy for being an “early sign of accumulation.”

In another post, though, Martinez warned that ETH’s actual price bottom could be more than 50% away from the current levels at around $700.

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